Source: Deloitte Global CPO Survey 2016
Auctions are RFx on steroids—eAuctions put the negotiation into the hands of the suppliers and and give you immediate market information at your fingertips in a matter of hours or minutes. To make your competitive sourcing toolbox as robust as possible, leverage sealed bids, Dutch and English auctions, and forward and reverse auctions.
By creating auctions from scratch, or turning your RFPs into auctions, you can drive competitive and open pricing scenarios to identify more savings from suppliers. Real-time competitive bidding assessment makes it easy to compare and achieve direct cost reductions.
You want to reduce spend, but in the most optimized way possible (think supplier relationships and other criteria). That’s why our advanced bid analysis tools take you deeper into supplier responses.
You can analyze bids against constraints and build multiple scenarios, generating more informed insights. Comparing contract awards against select criteria lets you optimize price while spreading risk for various events.
"Determine has provided greater transparency within the procurement process. With the eSourcing team often being the only point of contact during the online phase of sourcing projects, Determine’s sourcing technology creates a fair and equal process, consistency of message, project policy flow, and ensures all suppliers have access to the same information."
Determine Sourcing is just one of the many solutions running on Determine’s integrated Source-to-Pay platform. By adding more applications, you’ll achieve comprehensive capabilities—and a seamless user experience.
Contact us at 1.877.806.1932 or schedule a live demo today.
Individual solution insights, big picture view; only we give you both. End-to-end source-to-pay and contract management solutions, Business Process Management engine, advanced analytics, Open API and business network combine full visibility with total control.
Our 40+ collective years of pioneering experience provide you with a heritage of innovation and unparalleled depth of capabilities. Determine is truly unique. No other firm out there today can boast the same level of collective experience in strategic sourcing, contract management and procure to pay.
There’s a lot riding on your initiatives, and you want someone with a reputation for getting things done. Recognized by leading analyst firms including the Gartner Magic Quadrant, Forrester Wave and others, we provide you with absolute confidence of solutions that have been vetted by both industry pundits and practitioners.
Unmatched scalability, configurability, agility. Our suite of source-to-pay and contract management solutions become truly your own through customized applications and seamless integration with whatever systems you’re running.
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We’re a pioneering industry leader because of our people and their unprecedented knowledge base. Many as former practitioners in the field, we know source to pay and contract management best practices better than anyone because we developed them. Just ask the leading companies that turn to us.